RE: Emailed POG Communications Last Night24 Jun 2021 12:22
Sorry John's reply didn't all paste
2. Yes, there were very heavy rains and flash flooding in Amur region last week. As you can see in the video on social media, a small river that runs past the Pioneer mine did overflow its banks on Thursday/Friday but was back to normal level on Saturday. The open pit into which water is seen flowing was depleted in 2016 and is not currently being mined. As we stated in response to local media inquiries over the weekend, there was no effect on our mining operations, people or equipment.
3. We have not received a TR-1 shareholding disclosure from the shareholder in question. As such, we can not speculate on the media reports. If and when we do receive such a disclosure, we will publish it immediately.
4. I have seen the press reports to which you are referring but I can’t confirm who sent letters to the authorities as I have not seen them.
I can assure you that CEO Denis Alexandrov and the new management team he has assembled, myself included, is exclusively focused on building shareholder value. As we have stated in numerous meetings with investors over the past few weeks (you can view the presentations on our website), we’re currently undertaking a thorough review of the business to find ways cuts costs, boost production, and improve shareholders returns, including through dividends. We hope to present more details on how we do that with a capital market day presentation of a new mid-term corporate growth strategy Sept/Oct of this year.
Best regards,
John
John Mann